Hack-Fueled ‘Unprecedented’ Insider Trading Ring Nets $100M

Hackers based in Ukraine and Russia allegedly broke into servers belonging to several newswires and passed sensitive information onto an underground trading ring as part of what’s being referred to as an unprecedented new level of insider trading.

Prosecutors claimed Tuesday that corporate information gleaned in the hacks was funneled to a sophisticated insider trading ring that earned those involved nearly $100 million.
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